Engagement
Settlement Reconciliation Audit
Independent testing of settlement books, float accounts, and cut-off procedures for issuers and acquiring partners.
Who this is for
Controllers and finance leads at card issuers, prepaid programmes, and acquiring partners who need an outside view of reconciliation discipline.
Scope of work
We examine how settlement files land in the ledger, how float and suspense accounts are cleared, and whether cut-off rules hold across month-end.
Included
- Reconciliation walkthrough for primary settlement accounts
- Sample testing across at least two full settlement cycles
- Review of suspense aging and write-off authority
- Findings memo for the finance committee
Not included
- Full statutory financial statement audit
- Bookkeeping or month-end close support
- Bank confirmation services for all counterparties
How the work proceeds
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1
Account mapping
We identify float, suspense, and clearing accounts tied to each payment rail.
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2
Cycle testing
Samples from two settlement cycles are traced to bank statements and ledger postings.
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3
Cut-off review
Late files and backdated adjustments are examined for pattern and authority.
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4
Finance briefing
Results are delivered in a memo suitable for the finance committee pack.
Ready to scope this engagement?
Share your product map and a recent settlement pack. We will reply with a written estimate.
Request a scoping call